Workhorse Group approves merger with Motiv Electric Trucks to accelerate growth in the medium-duty EV market
Key takeaways
- Workhorse shareholders approved the merger with Motiv Electric Trucks, moving toward a larger EV commercial vehicle company.
- The combined company will leverage Workhorse’s manufacturing and dealer network with Motiv’s medium-duty EV portfolio.
- The merger aims to scale production and expand electric truck offerings for commercial fleets.
Workhorse Group’s shareholders recently approved the merger with Motiv Electric Trucks. Workhorse, which designs and builds zero-emission commercial vehicles, will combine forces with Motiv to form a larger player in the medium-duty electric commercial vehicle space.
The merger, approved at the 2025 annual meeting of shareholders, is expected to close in the coming weeks, assuming customary closing conditions are met. Once finalized, the combined company will leverage Workhorse’s manufacturing and national dealer network with Motiv’s medium-duty EV portfolio and fleet relationships. The goal is to better serve commercial fleets with a broader range of electric vehicle options and improved scale.
“We appreciate the support of our shareholders as we reach this important milestone in our pending merger with Motiv to create a leader in the medium-duty EV commercial vehicle market,” Rick Dauch, CEO of Workhorse, stated. “We are now poised to complete the transaction and officially bring together two innovators in the medium-duty electric vehicle space and better serve our blue-chip customer base. We look forward to enabling our shareholders to benefit from the upside potential of our combined company.”
